Millennium Lab Holdings II, LLC Bankruptcy New Filing Alert: Motion For Authority To Use Cash Management Systems

On November 10, 2015, a motion for authority to use cash management systems was filed in the bankruptcy case of Millennium Lab Holdings II, LLC and its affiliates.

The filing was assigned docket number 7 and is described on the court’s official docket as follows:

Motion to Maintain Bank Accounts Debtors’ Motion For Interim And Final Orders (I) Authorizing (A) The Continued Use Of Existing Cash Management System, Bank Accounts, Business Forms, And Deposit And Investment Practices; (B) Payment Of Related Prepetition Obligations And (C) A Waiver Of Certain Operating Guidelines Relating To Bank Accounts; And (II) Authorizing Continued Engagement In, And Accordance Of Administrative Expense Priority Status To, Intercompany Transactions Pursuant To 11 U.S.C. §§ 105(a), 345, 363, And 503, Fed. R. Bankr. P. 6003 And 6004, And Del. Bankr. L.R. 2015-2 And 4001-3 Filed By Millennium Lab Holdings II, LLC (Clark, Anthony) (Entered: 11/10/2015)

Millennium Lab Holdings II, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 10, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-12284. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of Skadden, Arps, Slate, Meagher & Flom LLP is acting as lead bankruptcy counsel to Millennium Lab Holdings II, LLC in the bankruptcy case.


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